GL Energy and Exploration Ltd.

GL Energy and Exploration Ltd. 


VANCOUVER, May 3  /PRNewswire-FirstCall/ -- SEM Mining Corporation Ltd. ("SEM")
have served notice to GL Energy and Exploration Inc. ("GEEX") that the Joint
Venture Agreement ("JVA") between the two corporations is in default as the
result of non-payment of $200,000 US by GEEX to SEM as provided under the terms
and conditions of the JVA, SEM have stipulated that in view of the default of
the JVA, the Agreement is thereby terminated and they are unwilling to
compromise further despite the fact that GEEX is proceeding to finalize a $20
million financing through Webster Financial Resources Inc. and is underway with
a 10,000,000 Regulation S share offering in Europe. GEEX will pursue a
satisfactory conclusion to the aforementioned or will review alternative
acquisitions and or mergers.

Certain of these statements contained in the press release may be deemed
forward-looking statements, and factors that could actual results to differ
materially from these statements and matter are risks that other factor
detailed from time to time, in the Company's reports with Securities and
Exchange Commissions, including, but not limited to, the Company's Annual
Report on Form 10-K and its Quarterly Form 10-Q.

For further information:    Ray Johnson, 1-866-639-3900 / (GEEX) 

DATASOURCE: GL Energy and Exploration, Inc.



CONTACT: Ray Johnson, 1-866-639-3900, (GEEX)

Copyright